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Silver Lake Resources to Acquire EganStreet Resources for $52 Million
August 1, 2019
Silver Lake Resources signs bid implementation deed with EganStreet Resources to acquire latter’s issued and outstanding ordinary shares. Australian gold producer Silver Lake Resources has announced plans to acquire EganStreet Resources in a deal worth $52 million. As part of
ZEAMARINE Secures Ocean Transportation Contract for BHP’s South Flank Project
August 1, 2019
Australian mining giant BHP said that its board has given the go ahead to a capital expenditure of $2.9 billion for the South Flank iron ore project in Western Australia. ZEAMARINE has bagged an ocean transportation contract from Schenker Australia
Anglo American Approves Development of Technologically Advanced Aquila Coal Mine, Queensland
July 30, 2019
Anglo American is moving to expand its metallurgical coal operations in Central Queensland’s Bowen Basin with one of the most technologically advanced underground mines in the world, following the approval of its Aquila project by the company’s Board. Aquila is
RTG Mining Receives Feasibility Study Approval for Mabilo Project, Philippines
July 30, 2019
The Mines and Geosciences Bureau (MGB) has approved the feasibility study for the Mabilo project in Camarines Norte, according to mining and exploration company RTG Mining. “Following a review by the Technical Committee on Mining Project Feasibility Studies, the evaluation
SSR Mining to Acquire Remaining 25% Stake in Puna Gold Operations, Argentina
July 30, 2019
Completion of the Transaction is subject to approval by the Golden Arrow shareholders, regulatory approvals and the transaction is expected to be closed in the fourth quarter of 2019. Canada-based mining company SSR Mining has signed a definitive agreement to
Experimental Process to Set Coal Seams on Fire to Generate Energy Could Get Go Ahead in Warwickshire
July 30, 2019
An “experimental” process where coal seams are set on fire to generate energy could be given the go ahead in Warwickshire. The scheme would see gas captured as coal seams burn which would then be used to generate energy. But
Anglo American Approves $226 Million for Grasstree Mine Development, Australia
July 29, 2019
Anglo American announced that the board of its Aquila project has approved the extension of life for the Capcoal underground (Grasstree mine) hard coking coal operations in Queensland, Australia. The development work at the project is expected to start in
South African Miners Win Multimillion-dollar Compensation Deal
July 29, 2019
Tens of thousands of gold miners in South Africa who contracted fatal illnesses while working underground have won a compensation deal from their former employers that could be worth more than £280 million. A high court in Johannesburg, the country’s
Caledonia Mining Completes Shaft Sinking at Blanket Gold Mine, Zimbabwe
July 29, 2019
The company has spent approximately $44 million sinking a new shaft from surface to a depth of over 1,200 meters. Caledonia Mining has announced that the shaft sinking at the new Central Shaft at Blanket Mine has been completed. The
Shanta Gold Achieves Commercial Production at Ilunga Underground Mine, Tanzania
July 25, 2019
Shanta Gold’s Ilunga Underground Mine at the New Luika Gold Mine (NLGM) in South Western Tanzania has achieved commercial production on schedule and on budget. The primary ventilation fan and underground infrastructure are installed and operational. The first ore stope
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